Its the same concept as luxury shoes. Some people of means would rather wear cheap dress shoes while others wear luxury dress shoes.
Well, luxury dress shoes have some sort of higher quality with them and can last a very very long time. Not to mention--the leather, attention to detail, and hand stitching all factor into price. Purchasing a nice pair of luxury leather shoes is more so an investment.
What's the deal with luxury sneakers? Someone please enlighten me. I feel like with luxury shoes--they will stand the test of time and can be worn many years later from date of purchase. Luxury sneakers will be worn briefly for that time and fade away into the fashion abyss we call "fads". I really believe those ugly YSL psuedo Jordan 1's won't be worn commonly by people 50-60 years later (not the same shoe obviously). Now, let's take the AE Park Ave's for example. That shoe has been in production for almost 85+ years.
Anyone care to fancy a rebuttal?